Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.19.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2018
Summary Of Significant Accounting Policies Tables  
Summary of changes in goodwill

The table below summarizes the changes in the carrying amount of goodwill:  

 

Goodwill      
Balance at December 31, 2016   $ 28,921,260  
2017 Acquisitions     -  
Balance at December 31, 2017     28,921,260  
2018 Acquisitions     -  
Measurement Period Adjustment     6,251,248  
Balance at December 31, 2018   $ 35,172,508  
Useful Lives for amortization of our Intangible assets

The approximate useful lives for amortization of our intangible assets are as follows:

  

Customer Relationships   3 to 5 Years
Trademarks   2 to 8 Years
Dispensary Licenses   14 Years
Patent   2 Years
Management Service Agreement   15 Years
Summary of cumulative-effect adjustment to financial position

The January 1, 2018 cumulative-effect adjustment to the Company’s financial position was as follows:

 

   

As

Reported

   

Cumulative

Effect

Adjustment

    Adjusted  
Derivative Liabilities   $ (9,331,400 )   $ 9,331,400     $ -  
Additional Paid-In Capital     181,357,715       (5,238,296 )     176,119,419  
Accumulated Deficit     (105,548,602 )     (2,547,802 )     (108,096,404 )
Debt Discount     4,790,601       (1,545,302 )     3,245,299